Regulations Governing Review of Applications for Reservation of Limited Partnership Names and Business Scopes Article 3

The reservation shall be valid for six (6) months from the date of the approval of the Reservation Application; said term can be extended once for one month if an application for extension is filed prior to the expiration of the initial term. If a limited partnership requires more time to prepare for its business operations pursuant to the applicable laws or regulations, due to the nature of the business involved, or because other legal procedure(s) or registration(s) is (are) required before completing the proposed registration, the MOEA shall otherwise notify the applicant of the term of reservation. If a limited partnership’s registration application is not filed during the term of reservation set forth in the preceding two paragraphs, the approval of the Reservation Application shall become null and void.